Agriculture Development Bank

Agricultural Development Bank Limited
कृषि विकास बैंक लिमिटेड
Company type	Public
Traded as	NEPSE: 397
Industry	Banking
Founded	January 1968, 21; 56 years ago
Headquarters	Ramshah Path, Kathmandu
Number of locations	279 branches
Area served	Nepal
Key people	Govinda Gurung (CEO)
Products	Loans, savings, investment (focused in agricultural sectors)
Number of employees	2402
Website	adbl.gov.np

Agricultural Development Bank Limited (ADBL) is an autonomous organization largely owned by Government of Nepal.^[3]

History

The bank has been working as a premier rural credit institution since the last three decades, contributing more than 67 percent of the institutional credit supply in the country. Hence, rural finance is the principal operational area of ADBL. It has also been executing Small Farmer Development Program (SFDP), the major poverty alleviation program launched in the country. Furthermore, the bank has also been involved in commercial banking operations since 1984.^{[citation needed]}

The enactment of the Bank and Financial Institution Act (BAFIA) in February 2004 abolished all Acts related to financial institutions including the ADBN Act, 1967.^[4] In line with the BAFIA, ADBL has been incorporated as a public limited company on July 14, 2005.^[5] Thus, ADBL operates as an "A" category financial Institution under the legal framework of BAFIA and the Company Act. The bank has a 51% share of the Government of Nepal and 49% of the general public. Most of its shareholders are customers and employees.^{[citation needed]}

Its headquarters is in Ramshah Path, Kathmandu.